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Centre of Gravity
A method used in logistics and supply chain management to determine the optimal location of a facility based on minimizing transportation costs, taking into account the geographic location of suppliers, customers, and products.
Coordinates
A set of values that show an exact position within a system, typically represented in terms of latitude and longitude or X and Y values in a plane.
Processing Centre
A facility designed to process inputs into finished goods or to handle specific types of transactions, such as data or payment processing.
Competitive Edge
An advantage a company has over its competitors, allowing it to generate greater sales or margins and retain more customers.
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